Part 1

Part 2

Part 3

Part 4

1 Required information (The following information applies to the questions displayed below Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Activities Units Acquired at Cost Date Mar. 1 Beginning inventory Mar. 5 Purchase Mar. 9 Sales Mar. 18 Purchase Mar. 25 Purchase Mar. 29 Sales Units sold at Retail $53.40 per unit 220 units 285 units $58.40 per unit 380 units $88.40 per unit 145 units $63.40 per unit 270 units $65.40 per unit 250 units e $98.40 per unit 630 units Totals 920 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the March 9 sale consisted of 125 units from beginning inventory and 255 units from the March 5 purchase; the March 29 sale consisted of 105 units from the March 18 purchase and 145 units from the March 25 purchase. Complete this questions by entering your answers in the below tabs. WeightedSpecific 1d Average Perpetual FIFO Perpetual LIFO